GDA 0.00% 30.0¢ good drinks australia ltd

somebody must know something,with 5400 options being converted...

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  1. 21,227 Posts.
    somebody must know something,with 5400 options being converted to shares.

    the announcement indicates that the options were converted at $0.001 -which is one tenth of one cent - so $5.40 was raised, which is enough to buy 2 packets of tim tams, on special.

    eagle eye watso spotted that the options which were converted, were june 2013 options, which seem to be 1 cent options - if this is the correct situation, then $54 was raised. $54 will raise enough for a large tins of international roast coffee

    it could be time to consolidate the shares , because it seems that the company is also confused between 1c and one tenth of one buccen cent.

    a 2000 for 1 consolidation, with an issue at 1 bucking buck, will have the shares trading at about 1 buc - that will make buc a happy little vegemite
 
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